08.15.2016

Global X To Add To Dividend Family

(This article originally appeared on ETF.com)
In a recent filing, it looks like Global X is planning to build out its family of “SuperDividend” ETFs beyond the six currently trading funds. The Global X MSCI SuperDividend EAFE ETF will track a benchmark derived from the MSCI EAFE Index, which essentially selects the 50-highest-yielding equities in the MSCI EAFE and equal-weights them.

The filing did not include a ticker, expense ratio or listing exchange.

Global X’s SuperDividend family includes funds covering the emerging markets, alternatives, preferred securities and REIT spaces, among others. The largest fund in the family is the $840 million flagship fund, the Global X SuperDividend ETF (SDIV), which launched in 2011 and is global in scope.

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